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Federal Home Loan Mortgage Corporation (FMCCI)
- GlobeNewswire
Mortgage Rates Continue to Decrease
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 05/16/2024 MCLEAN, Va., May 16, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.02 percent. “Mortgage rates decreased for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to
- Associated Press Finance
Long-term mortgage rates retreat for second straight week, US average at 7.02%
The average 30-year rate fell to 7.02% from 7.09% last week, mortgage buyer Freddie Mac said Thursday. Higher mortgage rates can add hundreds of dollars a month in costs for borrowers, limiting homebuyers' purchasing options. “The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers,” said Sam Khater, Freddie Mac’s chief economist.
- GlobeNewswire
Freddie Mac Announces 2024 Home Possible RISE Award® Winners for Helping Very Low- to Low-Income Homebuyers
MCLEAN, Va., May 13, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced the winners of its Home Possible RISE Awards®. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes top Sellers across multiple categories for excellence with Freddie Mac’s Home Possible® and HFA Advantage® mortgages – the company’s affordable lending solutions for very low- to low-income homebuyers. “We are proud to honor these Sellers and their work to tackle affordability ch
